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☆ Tesla's stock wraps up one of its worst quarters on record as global dominance wanes
▼ + stars: | 2024-03-29 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +11 min

Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla's Model 3 is about $4,000 more than that. Aging lineup, early days for Cybertruck While EV sales are still gaining popularity worldwide, the growth rate has slowed. In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before they hand over their cars. Despite its name, Tesla's premium option requires a human driver at the wheel, ready to steer or brake at any moment.

Persons: Florence Lo, Tesla, Troy Teslike, Tesla's, China's BYD, BYD, Lei Jun, Emmanuel Rosner, Rosner, Elon Musk, Krisztian Bocsi, Rohan Patel, Musk, Sandy Munro, Forbes, Larry Magid, Donald Trump, He's, he's, Investor Ross Gerber, who've, Brad Gerstner, Gerstner, FSD Organizations: Reuters, FactSet, Independent, Qin, Tesla's, China Passenger Car Association, Bloomberg, Deutsche Bank, Tesla, Volvo, Elon, Tesla Inc, Getty, IF Metall, IF Metall's, IF, Pew Research, Gallup, Investor, CNBC, Bears, S3 Partners, U.S Locations: Beijing, China, China In China, Shanghai, Europe, Red Sea, Iran, Gruenheide, Germany, Brandenburg, Berlin, Swedish, Sweden, U.S, Austin , Texas, San Jose , California, Fremont , California, Florida, Haiti, Texas, Delaware

☆ Tesla is the biggest S&P 500 loser this year, down even more than Boeing
▼ + stars: | 2024-03-18 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Close to three months later, the electric carmaker holds a much less enviable title — it's the S&P 500's biggest loser year-to-date. Tesla shares have plummeted about 30% year-to-date, wiping about $230 billion off the company's value. AdvertisementThe gap was even wider at the end of last week, but Tesla shares were up almost 6% on Monday. AdvertisementNelson also believes Tesla could become the world's biggest auto manufacturer — but others don't share his optimism.

Persons: —, Tesla, Elon, BYD, That's, Seth Goldstein, Goldstein, Refinitiv, Garrett Nelson, Nelson, Wells, Ross Gerber, who's Organizations: Elon, Service, Boeing, Alaska Airlines, MAX, Elon Musk's, North, Fox Business Locations: Elon Musk's, North America, Europe

☆ Tesla set to report fourth-quarter earnings after the bell
▼ + stars: | 2024-01-24 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Tesla is set to report fourth-quarter earnings for 2023 after the bell Wednesday. Tesla shareholders submitted questions for executives to answer via the platform Say Technologies ahead of the earnings call. They're asking when Tesla plans to debut its "next-generation" vehicle, a more affordable EV referred to by fans as the Model 2. Gerber said on CNBC's "Last Call" with Brian Sullivan, that Musk was "blackmailing" Tesla shareholders, and that "the idea that he doesn't control Tesla is absurd." WATCH: Elon Musk is very much in charge of Tesla

Persons: Elon Musk, Tesla, Musk, Elon, Ross Gerber, who's, bristled, Gerber, Brian Sullivan Organizations: Tesla Inc, Fratelli, LSEG, Labor, General Motors, Ford, United Auto Workers, Tesla, Investors, Twitter Locations: Italy, Rome, U.S, Sweden, Scandinavia, Europe, Nevada, Tesla

☆ Walmart joins the growing list of major companies to suspend advertising on Elon Musk's X
▼ + stars: | 2023-12-02 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Walmart has joined the growing list of companies suspending their ads on X. It comes after Elon Musk appeared to endorse an antisemitic post. Musk said that it was "a mistake" and "one of the most foolish things" he'd done on the platform. AdvertisementWalmart announced on Friday that it will stop advertising on Elon Musk's social media platform X, formerly known as Twitter. AdvertisementMusk has since said the post was a "mistake" and "one of the most foolish things" he'd done on the platform.

Persons: Elon Musk, Musk, —, Joe Benarroch, — Elon, Lina Yaccarino, Ross Gerber, Tesla, he'd, I've Organizations: Walmart, Service, Elon, Bloomberg News, Disney, Apple, IBM, Warner Bros, CBS, The New York Times

☆ The mayor of Paris is making a loud exit from X, calling the platform a 'gigantic global sewer'
▼ + stars: | 2023-11-28 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Paris Mayor Anne Hidalgo says she's leaving X after 14 years on the platform. AdvertisementParis Mayor Anne Hidalgo says she's leaving X after more than 14 years on the platform, formerly known as Twitter. "This platform and its owner intentionally exacerbates tensions and conflicts," she wrote in French, adding that the platform has "become a gigantic global sewer." "To remain true to my convictions and my commitment, I am leaving Twitter today," Hidalgo wrote on Monday. AdvertisementAn early proponent of Twitter, Hidalgo joined the platform in 2009 when she was the deputy mayor of Paris.

Persons: Paris Mayor Anne Hidalgo, she's, Elon Musk, —, Anne Hidalgo, Hidalgo, cacmq4 — Anne Hidalgo, Ross Gerber, Dustin Moskovitz Organizations: Paris Mayor, Elon, Service, Twitter, de, Instagram, Facebook, Apple, IBM, Disney, The New York Times, Business Insider Locations: Paris, de Paris, @Anne_Hidalgo

☆ Rivian is the real winner in Elon Musk's latest drama
▼ + stars: | 2023-11-21 | by ( Nora Naughton | Grace Kay | ) www.businessinsider.com time to read: +5 min

Some Tesla owners said they'd ditch his car company in favor of Rivian as a result. AdvertisementAs Tesla CEO Elon Musk once again courts controversy on his social media platform X, rival EV startup Rivian stands to gain from the fallout. Other angry Tesla owners we spoke with also mentioned considering legacy brands like Ford's Mustang Mach-E or Volkswagen's ID.4. AdvertisementIn response, earlier this year some Tesla owners began putting bumper stickers on their EVs denouncing the CEO . In January, a handful of Tesla owners told Business Insider they'd ditched Tesla over Musk's antics .

Persons: Elon Musk, Tesla, —, Musk, Ross Gerber, Robert Kuhn, Kuhn, I've, Rivian, Joe Biden, they'd, Dan Ives, Ives, – Organizations: Rivian, Service, EV, Business, Tesla, Bloomberg, Twitter

☆ Disney just joined a long list of large companies dropping ads from X: report
▼ + stars: | 2023-11-18 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Multiple advertising agencies and large companies have since pulled their content from the site. AdvertisementElon Musk's response to an antisemitic comment on X is coming with a hefty price tag as multiple large companies pull their advertisements from X.Disney is the latest company to follow suit. The situation initially unfolded this week, when Musk responded to a post that said Jewish people were pushing "hatred against whites." Disney is only one company pulling its ads — other large companies backing out include IBM, Apple, and Lionsgate. It found that ads from multiple large companies were being placed side-by-side with white supremacist and antisemitic content.

Persons: Elon Musk, —, Elon, Musk, Linda Yacaccarino, Dustin Moskovitz, Ross Gerber, I've, Gerber Organizations: Disney, New York Times, Service, The New York Times, IBM, Apple, Lionsgate, Warner Bros, CNN, Media, Facebook

☆ Some Tesla owners are thinking about ditching their cars, stock, or Cybertruck reservation after Elon Musk's problematic post
▼ + stars: | 2023-11-17 | by ( Jordan Hart | Grace Kay | ) www.businessinsider.com time to read: +5 min

Elon Musk's response to an antisemitic post has caused an uproar among some Tesla fans. Some Tesla owners and investors said they're looking to sell their cars and their stock over it. AdvertisementSome Tesla owners are sounding off after Elon Musk's latest online outburst that voiced support for an antisemitic tweet. AdvertisementAnother "livid and appalled" Tesla owner told BI they've already spoken to their financial advisor about selling their Tesla stock after over 10 years volunteering and investing in the company. AdvertisementAs a former Musk critic turned supporter and Tesla owner, I once admired Elon Musk for his anti-establishment stance, particularly as a father of a son with Asperger's.

Persons: Elon, Musk, —, Elon Musk's, Tesla, Peter, Arthur Kulak, Ross Gerber, they've, Citron, Andrew Left, Elon Musk, Asperger's, who's Organizations: Service, Business, Tesla, Citron Research Locations: Vermont, Reddit

☆ Elon Musk isn't helping his CEO Linda Yaccarino's claims that X is safe for companies
▼ + stars: | 2023-11-17 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Linda Yaccarino's efforts to reassure companies about X are being undermined by Elon Musk. Yaccarino released a statement on Thursday saying X is working to combat antisemitism. However, one day before her post, Musk supported an antisemitic conspiracy theory on the platform. AdvertisementLinda Yaccarino's efforts to reassure companies that X is safe for brands are being undermined by Elon Musk's actions. The contrast between Yaccarino's statement and Musk's post was not lost on platform users.

Persons: Linda Yaccarino's, Elon Musk, Yaccarino, Musk, —, Elon Musk's, …, Linda Yaccarino, Dustin Moskovitz, Ross Gerber, Tesla, VWqtI32Jxz — Matthew Gertz, Yaccarino —, Yaccarino's, Lou Paskalis, they're Organizations: Service, IBM, Financial, Media, Apple, Comcast, X, Business, Reuters, Vox Media, Conference

☆ Tesla investors and business leaders slam Elon Musk for endorsing an antisemitic post
▼ + stars: | 2023-11-17 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Elon Musk is facing backlash from business leaders after he appeared to endorse an antisemitic conspiracy theory. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementElon Musk is facing backlash from the business community after he appeared to endorse an antisemitic post on X. AdvertisementAnother Tesla bull, Gary Black, whose Future Fund invests in Tesla, similarly reported that clients had reached out to him regarding Musk's comments. While the backlash escalates, Musk's chosen X CEO Linda Yaccarino is left to clean up the growing mess.

Persons: Elon Musk, —, Elon, Musk, Musk's, Dustin Moskowitz, Marc Bodnick, Andrew Left, Tesla, Ross Gerber, I've, Gary Black, Kristin Hull, Nia, demote, Bravo —, Linda Yaccarino Organizations: IBM, Service, Buffalo, Elon, SpaceX, BMW, CNBC, EV, Tesla, Nia Impact, Employees, Media, Apple, Oracle Locations: Pittsburgh

☆ X employees are reportedly fielding calls from advertisers asking about Elon Musk's endorsement of antisemitic post
▼ + stars: | 2023-11-17 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Ads have also appeared next to pro-Nazi posts on Musk's platform, non-profit Media Matters reported. Some X employees are facing the brunt of the uproar, and are reportedly getting calls from advertisers asking about Musk's comments, according to The New York Times. X has also been placing advertisements next to major companies like Apple, Oracle, and Xfinity, according to Media Matters. AdvertisementSome users on X responded to Yaccarino's post, asking her if X owner Musk was aware of this stance and requesting that she relay her message to him. Antisemitic posts from X users, which were flagged by Media Matters, will now be labeled as "sensitive media," an X executive told Business Insider in a statement.

Persons: Elon Musk, —, Musk, @BreakingBaht, Linda Yaccarino, Dustin Moskovitz, Ross Gerber Organizations: Media, Service, The New York Times, Nazi, IBM, Apple, Oracle, Media Matters, BI, Facebook, X, SpaceX, Gerber Kawasaki Wealth, Investment Management

☆ A top Tesla investor said he plans to ditch his Model Y for a Rivian after Elon Musk agreed with antisemitic post
▼ + stars: | 2023-11-16 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +4 min

Ross Gerber said he plans to ditch his Model Y for a Rivian over Elon Musk's agreement with an antisemitic post on X. "Getting a flood of messages from clients wanting out of tesla and anything to do with Elon Musk," he wrote on X. Gerber, Musk, and a spokesperson for Tesla did not immediately respond to a request for comment. Gerber's comments came after Barron's reported that Musk's name had been dropped from the APEC CEO Summit speaker list on Thursday. "Elon Musk had a schedule change that prevented him from joining the APEC CEO Summit 2023," a spokesperson told Barrons.

Persons: Ross Gerber, Musk, —, Elon Musk, Gerber, Tesla, Gerber's, Barron's, Barrons, Elon Organizations: Elon, Service, Rivian, Gerber Kawasaki Wealth, Investment Management, APEC, Business, The New York Times, Dealbook Locations: LA

☆ Facebook cofounder calls on Elon Musk to resign after Tesla CEO calls antisemitic tweet 'the actual truth'
▼ + stars: | 2023-11-16 | by ( Grace Kay | Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

Dustin Moskovitz called for Elon Musk to resign after he agreed with an antisemitic post. Musk replied to a post that accused Jewish groups of "hatred against whites," calling it the "actual truth." AdvertisementFacebook cofounder and Asana CEO Dustin Moskovitz said Elon Musk should resign after Musk called an antisemitic post on X the "actual truth." "You have said the actual truth," Musk wrote in response to the antisemitic post. "Getting a flood of messages from clients wanting out of tesla and anything to do with Elon Musk," Gerber wrote on X.

Persons: Dustin Moskovitz, Elon Musk, Musk, —, Moskovitz, Moskovitz's, Ross Gerber, Gerber, Marc Bodnick, X, Matt Blaze, McDevitt, haven't, Jake Tapper, Kara Swisher, podcaster, Swisher, Jonathan Greenblatt, Greenblatt, " Greenblatt, Ben Shapiro, It's, Tesla Organizations: Service, Elon, SpaceX, Computer Science, Law, Georgetown, CNN, New York Times, Defamation League, ADL, Hamas Locations: America, Israel

☆ Elon Musk's behavior and damage to Tesla brand is 'absolutely outrageous', says investor Ross Gerber
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's behavior and damage to Tesla brand is 'absolutely outrageous', says investor Ross GerberHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Elon, Ross Gerber, Brian Sullivan, “ Organizations: CNBC

☆ Tesla stock's dazzling rally is thanks to CEO Elon Musk's renewed focus on the EV maker, activist investor says
▼ + stars: | 2023-06-16 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Tesla's massive share-price rally is thanks to Elon Musk's increased role at the EV maker, activist investor Ross Gerber said Thursday. "We just have seen full-fledged how Elon's focus makes such a huge difference," Gerber told Yahoo Finance. Tesla shares are up by more than 50% since Musk announced a replacement Twitter CEO. On May 12, Musk announced that Linda Yaccarino would replace him as CEO. Read more: Fans may think Elon Musk is unbreakable but Tesla needs to find a successor in case his health fails, an activist investor in the carmaker says

Persons: Elon Musk's, Ross Gerber, Gerber, Tesla, Musk, —, Elon Musk, –, Elon, Elon's, Linda Yaccarino, he's, Yaccarino, Read Organizations: Yahoo Finance, Service, Tesla, Ford Locations: China –, China

☆ 'Elon has his mojo back': A top Tesla investor shares the biggest takeaways from the shareholder meeting and why the stock is a must-have in your portfolio now
▼ + stars: | 2023-05-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Tesla investor Ross Gerber told Insider why he's grown more bullish on the stock. In February, Gerber launched a bid for a board seat, saying Tesla needs to "grow up" and build its image beyond Musk. The appointment of the new Twitter chief and updates at the Tesla meeting even changed his investment view. "You gotta own Tesla in your portfolio with Elon re-focused on Tesla," Gerber said. "Tesla needs to understand that they have millions of users, and someone has to be in charge of the user experience, not just updating software," the money manager said.

☆ Elon Musk says Tesla will try out advertising for the first time in a major shift for the automaker
▼ + stars: | 2023-05-16 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Elon Musk said during a shareholder meeting that Tesla will "try out" advertising for the first time. Elon Musk said Tesla will begin advertising for the first time in its history. Musk's announcement at the Tesla event was met with cheers from the crowd at the event. Musk told Faber he'd only just decided to try out advertising during the Tesla event. Musk did not specify where Tesla will begin advertising its products.

☆ Facebook's former security chief calls Elon Musk's blue check marks saga a 'historical self-own'
▼ + stars: | 2023-04-26 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Ex-Facebook exec Alex Stamos said Elon Musk's blue check saga was a "historical self-own." Last week, Musk took away blue check marks from some legacy accounts, only to return some of them. Facebook's former security chief, Alex Stamos, said Elon Musk's blue check mark saga last week was a "historical self-own." The billionaire initially agreed to give blue check marks solely to users who subscribed to Twitter Blue for $8 per month, but many celebrities and news organizations made a point of refusing to pay for the service. Stamos, who has been critical of Musk in the past, was previously Facebook's chief security officer until 2018.

☆ Elon Musk's blue-check saga marks the beginning of the end for Twitter, top Tesla investor says
▼ + stars: | 2023-04-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Top Tesla and Twitter investor Ross Gerber is not happy with Elon Musk. He said Musk's decision to hand out free blue checks was the beginning of the end for Twitter. Top Tesla and Twitter investor Ross Gerber said the latest turmoil at Twitter could spell the beginning of the end for the company. A subscription to Twitter Blue costs $8 a month, but many celebrities and news organizations have refused to pay. The investor added that Twitter was in a further state of confusion after several accounts belonging to dead users had blue checks returned to their profiles.

☆ Tesla investor is blown away after visit to Texas factory and calls new battery one of the most important technologies ever
▼ + stars: | 2023-03-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Ross Gerber praised Tesla's battery advances after touring the Austin Gigafactory this week. In particular, he noted the footprint for production of the 4680 battery has come down in size considerably. "So the 4680 cell is probably one of the most important technological advances in modern history," Gerber told CNBC. "So the 4680 cell is probably one of the most important technological advances in modern history," he said . Gerber's praise of Tesla's battery production advances comes after he briefly pursued a seat on the company's board, citing concerns about CEO Elon Musk's leadership and help the company "grow up."

☆ Tesla shares slide 6% after Elon Musk fails to meet hopes for a budget EV model at underwhelming investor day
▼ + stars: | 2023-03-02 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Tesla shares slid 6% in premarket Thursday after the EV maker fell short on details at its investor day. CEO Elon Musk was tight-lipped on details about new models after hopes built for a $25,000 car. Tesla said it plans to cut production costs in half to reach its goal of selling 20 million EVs a year by 2030. Before the investor day, Reuters reported Tesla is planning a revamp of its Model Y, code-named Project Juniper, which would begin production in 2024. During the presentation, Tesla laid out broad plans aimed at making it the world's largest car company.

☆ Gerber ends Tesla board run, says carmarker creating 'own voice'
▼ + stars: | 2023-02-24 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

[1/2] A driver recharges the battery of his Tesla car, at a Tesla Super Charging station, in a petrol station on the highway in Chateauvillain, France, February 20, 2023. REUTERS/Pascal Rossignol/File PhotoCompanies Tesla Inc FollowBOSTON, Feb 24 (Reuters) - Tesla Inc (TSLA.O) investor Ross Gerber said on Friday he will end his run for the electric carmaker's board of directors, citing changes investors can expect to see next week. Tesla also will create more Twitter and promotional content, which could move the brand away from its close identification with Musk. Gerber, a Los Angeles investment manager, is a longtime Tesla bull who initially cast his run as that of a "friendly activist." While his wealth-management firm had only about 440,000 shares of Tesla he has received backing from larger shareholders online.

☆ Investor Gerber to run for Tesla board, cites PR and service issues
▼ + stars: | 2023-02-10 | by ( Ross Kerber | ) www.reuters.com time to read: +2 min

Companies Tesla Inc FollowFeb 10 (Reuters) - Well-known Tesla Inc (TSLA.O) investor Ross Gerber said on Friday he plans to notify the electric carmaker that he will run for its board of directors, citing problems with its public relations, customer service and succession planning. "Tesla has let Elon be the voice of Tesla forever. Gerber is CEO of a California wealth-management firm with only about 440,000 shares of Tesla. And if I'm going to do that, I should be a representative of the company," Gerber said. Gerber said he plans to notify Tesla next week of his intent to run for its eight-member board at its annual meeting in May, and said he expects Tesla will accept him as a candidate.

☆ Tesla investor Ross Gerber says he's planning to run for a seat on the board to revamp the company's image: 'I think it's time for Tesla to grow up'
▼ + stars: | 2023-02-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +2 min

Ross Gerber, CEO of investment firm Gerber Kawasaki, is a Tesla shareholder. Others are more vocal, using their significant stake in a company to influence its management — they're often known as activist investors. Now, one particularly aggravated, activist Tesla investor named Ross Gerber, is planning to run for a seat on Tesla's board, Bloomberg reported Friday. Gerber, the chief executive officer of investment firm Gerber Kawasaki, announced his plans during a Twitter Spaces audio conference hosted by Bloomberg on Friday. Tesla and Gerber Kawasaki did not immediately respond to Insider's request for a comment.

☆ Disney CEO Bob Iger has 'very little room for maneuver' as he tackles layoffs, budget cuts, a company reorg, and questions over the future of Hulu and ESPN
▼ + stars: | 2023-02-07 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +11 min

Disney chief Bob Iger will speak Wednesday on his first quarterly earnings call since returning as CEO. Wall Street wants to see how Disney plans to boost profitability this year and whether it will trade ESPN or Hulu. Aside from a quick visit to Disney World in January, Bob Iger has been lying very low. Media investor Ross Gerber told Insider that Iger would get back to focusing on content rather than on the distribution mechanism. Iger tweeted a photo of himself at Disney World, dressed in a relaxed green cardigan and gray slacks as he posed with cast members on January 19.

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